Crown LNG Receives Receipt Of Nasdaq Notification Regarding Nasdaq Listing Rule 5550(a)(2)
Portfolio Pulse from Benzinga Newsdesk
Crown LNG Holdings Limited received a notification from Nasdaq for not meeting the minimum bid price requirement of $1.00 per share for 30 consecutive business days. This does not immediately affect its Nasdaq listing.
September 17, 2024 | 8:36 pm
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NEGATIVE IMPACT
Crown LNG Holdings Limited has been notified by Nasdaq for failing to meet the minimum bid price requirement of $1.00 per share for 30 consecutive days. This notification does not immediately affect the company's listing on Nasdaq.
The notification indicates a potential risk of delisting if the company does not address the bid price issue. This could lead to negative sentiment among investors, potentially impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100